Funding arb · Price arb /

ME

all ME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Reya against Variational Omni−0.186%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.186% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 4.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ME	0.07521	0.0100	pay 0.0050% / 4h	51m 46s	$12K	$2K	—
Short	Reya MERUSDPERP	0.07507	0.0228	get 0.0028% / 1h	51m 46s	$26K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ReyabpOrdersPrice spread, now −0.186%Rate

Funding earned: $26.83
Price spread: −0.186% → 0.000%: −$18.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.24
Costs to cover: 0.060%
Break-even: 6.4 days

Slippage unknown: Variational Omni: no order-book sample; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Variational Omni and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ME-USDT	+0.0088%	4h	0.07525	+0.056%	$110K	$8K	50x	as long as short
Hyperliquid ME	+0.0100%	1h	0.07498	−0.303%	$237K	$100K	3x	as long as short
Aster MEUSDT	+0.0100%	4h	0.07511	−0.126%	$13K	$20K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07503	−0.239%	$2.1M	$4.0M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07513	−0.103%	$1.5M	$766K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07502	−0.249%	$493K	$1.1M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07520	−0.010%	$192K	$70K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07504	−0.223%	$498K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07514	−0.090%	$209K	$29K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07513	−0.103%	$653K	$422K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07512	−0.116%	—	$1.3M	—	as long as short
Variational Omni MElong	+0.0100%	4h	0.07521	long leg	$12K	$2K	—
Reya MERUSDPERPshort	+0.0228%	1h	0.07507	−0.186%	$26K	—	15x